Evening Star Newspaper, August 3, 1930, Page 71

i FINANCIAL, FINANCIAL, AUTO ESTIMATES | et sweer 3 ]| [NEW YORK CURB MARKET TRANSACTIONS FOR THE WEEK AND YEAR By the Associated Press. Operations of the Youngstown Sheet 'WEE ) HE .|- & Tube Co. will continue unchanged ICENDINGALGURE S, 10 L Btock and dividend. Stock and dividend. High Low. Close. A, | den"Tew Stock and dividena. Bhhire Bteel Corporation Wil rosume | Same period a year ago. 15919800 271,523,204 by Pantepec Ofl. ... 4% Stein Cosmetics Inc. operations after a week of idleness. 1980— Schedule of 4, ¥ Cars s:ee& Co's gperla;o::. "l;lr::. u‘l?.meplmv, 13 B Acetol] ProdA. 6 % H L . resums ‘naut nd war. This Year Now Doubted = week of ld}l':\‘m. with p\lddun: t:;ewrf 16% AMl Prod, Inc (w.i).., i ons at 40 per cent and skelp pro- Aln'worth Cor (33%)... by Detroit Interests. -:j g5t L Paramount Cab (b8%).. + % 10 Sterchi Bros Stores Pennroad Corp (20¢) . ¢ 8 Strauss (Nathan) Penn Mexico Fuel (1) 23 9% Strauss Roth. Penna Pwr, & Lt $£(6) 1% Stuts Motor Car % Penna Water & Pwr (3). Sun Investing pf (3). Peoples L&P (A) (a2.40) 5 Sunray Oll (40¢). Pepperell Mfg Co (8. 28 Swift & Conew (2).. 30 _Swift Internat’l (2%)... 18% Taggart Corp (1).. 54% Tampa Electric (32). 25% Technicolor, Ine. . 4% Tech Hughes (60¢) 2 ¥ FEE w=3 & * N - - FeEs L i Fekker Afroraft Ford Mot, Can A Ford Mot, France (28¢). Ford Mot, L.td (37%¢e) .. Foremost D P pf (1.60)., Foremost Fabrics (2)... Foundation Fer ILiEe + 404 NEEIER Y #x” duction at 80 per cent. 11% Air Inv Ine, vte con pf. e 3% Alr Jav Inc. vie. . Ore shipments from upper lake ports during July totaled 8,586,649 tons, com- ++ 141 Philippe (L) A (1 . Pie Bak of Am (A) (2). Plerce Governr (1%)... 1 *2 4 Special Dispatch to The Star. DETROIT, August 2.—Observers of sutomobile manufacturing are begin- ning to doubt that the predictions, made last January, of a 4,000,000-car year, will be borne out. T+ readjustment, that virtually has been a continuous process since the first of the year, is taking longer than the calculations’ of the optimists antici- pated. The consequence is that pro- duction “vacation” periods, which have been resorted o as a means of allow- ing the retail end to recover itself, are being lengthened, with a resultant de- erease in volume. Ford has found it expedient to make the factory lay-off three weeks instead of the two originally scheduled. With few exceptions, other plants that have been closed for holidays, inventory and other reasons have resumed. but are ex- hibiting even greater caution than in previous weeks. Most of them are op- rating, but on the basis of profuction weeks that have been shortened from the previous period. The reactions to new models recently shown by Studebaker, Chrysler and Buick are described as favorable, in view ©f conditions and comparable to those of other seasons, but it is realized that Sales volume has much ground to re- gain for. all factories before a general Upward trend can be definitely said to ve set have set in. With production of the first six months approximating 2,330,000 cars and trucks, the showing for this year to date is a few hundred units better than that of 1928, but the latter year had no corresponding period of Summer dull- ness like the one that is being exper- ced now. i (Copyright, 1930.) NEW YORK BANK STOCKS NEW YORK, August 2 (Special).— Bank stocks and trust shares declined today in the dullest session of the past two years. Chase National at 138 was off 1, National City, 128, off 1:; Corn Exchange, 157, off 2; Guaranty, 607, up 1; Bankers’ Trust, 137!, off %; Bank of United States, 40, off 34 Brooklyn Trust, 690, off 8; Central Han- over, 30, off 2; Chemical, 64, off Commercial, 360, off 5; Continental, 27, ©off '5; Manhattan, 107, off 2; Manu- facturers, 93, off 1; Bank of America, 94, off 1; Chelsea, 32, off 2; Empire, 80, off 2; First National, 4800, off 50, and New York Trust, 238, off 2. Irving Trust at 49 and Chatham-Phenix at 105 were unchanged. s A RGN Youngstown Sheet & Tube date for eonsummation of merger with Bethle- - hem Steel extended to August 29. pared with 10,670,882 for the like month last year. Shipments for the first seven months this year aggregated 24,324, 222, compared with 32,910,820. The Maytag Co. reported net profit for the first half of the year of $1,382,- 1927, against $3236,121 in the same | period in 1929. Net income during the second quarter amountéd to $991,150. against $1,915153 in a like period a year ago. The six months profit is equal to 44 cents a share on common ‘against $1.55 a share in the first half In the second quarter May- tag earned 40 cents a, share on the common against 96 cent§ a share in the June, 1929, quarter. The Pacific Telephone & Telegraph system today reported for the first half net income of $7.910372, against $7- 752,914 in the first haif of 1929. Earn- |ings for the first half of 1930 were | equal, after allowing for dividends on | preferred stock, to $401 a share on ‘common on the basis of 1,359,612 average shares outstanding during that period, or $3.04 a share on 1,789,225 shares outstanding at the end of June. This, compares with earnings of $5.69 & share on 930,000 shares during the first half of 1929. Otis Elevator Co. has been awarded a contract for all elevators to be in- stalled in the new ‘Waldorf-Astoria Hotel now under construction on Park avenue, New York. The contract calls for 31 elevators, all of the automatic self- leveling car switch control type. ‘The campany also will install for the New Jork Central Railroad an elevator 6 by 8 feet to operate from the hotel's private siding, beneath the structure, to the ground floor. NEW N. & W. OFFICIAL & Western Railway has anmr;% NV‘;:\‘RL‘\AH W. Coxe of Norfolk, Va.. [Enel‘l\h n&“flwl‘ to succeed J. ilton Chester, l‘;:\'l’l‘y to become connected with the Pennsylvania system. The Jegal de- partment, maintained in Philadelphia, will be moved to Roanoke, Va. when the general office building there is com- pleted. PATHE EXERCISES OPTIONS. Pathe Exchange. Inc., has exercised its option to purchase 49 per cent of the stock of du Pont-Pathe Film Manu- facturing Co., for a consideration of $500,000. Fines collected for autoing offenses in England last year totaled $1,065,575. WEEKLY FINANCIAL HIGH LIGHTS This week. Last week. Same week '29. $3,228,000 $3,226,000 $5,960,000 83.5% 832% $576,368 $576,139 $147,283 2 3,024,227 2,924,063 T44% i % Allied Aviation. .. 81 Allled Mills. Inc(60¢).. s 210 Aluminum Coof Am.... 105% Alum Co Am pf (6). 108 Aluminum Co. Ltd 97 Aluminum Ltd pf 26 Am. Bakeries, A(3). 12% Am Cit P&L(B) (b10%) 20% Am Colortype (2.40).... 21% AmCmwlith P A(b10%). 34% Am Comwith Pw B b10% 14 Am Control. 30 Am Cynamid (A)( 17% AmCyan B ( ) 3 Am Dept Store: 110 38% Am ForPwr war. 104 AmGas& El (31 104's Am Gas & El pf (6). 7% Am Inv. Inc, B.. 50 Am Laundry Mach (4).. 527% Am Lt & Trac (2%). ...« 29% Am Maize Products (2).. 45 Am Mfg Co (4) . 1% Am Maracaibo 7% Am Natural Ga 27% Am Potash & Chem (1).. 50 Am Salamandra (3). 101 Am Smelt&Ref 2d pf(6). 17% Am StP S A (1.60) 20% Am Superpower (1). 94% Am Superpwr 1st pf 87% Am Superpo pf (6) 14 Am Transformer (1.40). 7% Am Ut&Gen B vte (40¢c) 1% Amer Yvette Co. Inc.... 6 Anchor Post F (b10%).. 15% Anglo-Chilean Nit 3 Angus Co, Del v.t 36 AngCoDpfA (4). 8% Appalachian Gas......e Arcturus Radio Tub...s Asso Gas & Electric. 30% AssoG & E A (at2.40) 5'% AssoG & E debrts... 8% Atlas Utilities Corp. 3% Atlas Utilities(war) 6 Austin Mot Co Ltd 3 Auto Mu Ins A(11.10) 4 Auto Vot Machine. 915 Auto Vot'g Ma ev prpt.. 24% Aviation Corp Am. 12% Aviation Credit...... 6 Aviation Sec,New Eng. 49% 36 AxtonFT.A (3.20). 141 122 Babcox & Wilcox (19) 7% 2% Bahia Corp.. 7% 1% Bahia Corp pf. 50% 45% Bancomit Corp ( 157 146 Bell Tel of Can (8) 21 14% Bickfords. Ine (1). 30% 18 BlissCo (EW) (1). 15% 6% Blue Ridge Corp (40c) 335 Blue Ridge cv pf (a3)... FEEPPE F¥Z PI+T 44+ 14414444144 IHIH I+ 144100+ +H1 4+ vt 3.3 PEVIEN L+ ++1 P2PFEse £ e Fox TheatersClassA ... Franklin M{x Co of (1), French LineB (2.64) Galena Oll Corp. Garlock Pack (1.0) Gen Empire Corp (1 Gen Gas&El cv pf B Gen Laundry Macht n Petroleum Corp wi eneral Tire 1st pfd. Gen W W & Bl A(2) GeorglaPowerpt (6) Gllbert (A C) (1). . Gilbert (A C) pf (3%).. Gleaner Harv, new (2).. Glen Alden Coal (8) Globe Underwriters Gold Coin (new).. Golden Center Goldfield Cunsol!d: Goldman Sachs T Gold Seal Elec new . Grand Rpds Var (1).... Graymur Corp.. . Grt A&P Tea n v(5) Grt A&P Tea pf (7) Great Lakes D C (new), Guenther Law (2) Gulf Oll of Pa (1% Hall Lamp (1%)).. Handley Pagg pf (t16¢). Happiness Candy. Harbishaw Cable, & Hartford Elec Lt (2%).. Hazeltine Corp (2). Hecla Mining (1 % Helena Rubinstein. Hydro El. Sec.(2). Hygrade Food Prod Imp Oil of an, n (50c) n (2% Insull Util Inv (1b90%).. Insul Ut Inv2d pf(6).... Ins Co of No Amer (13). See (1.40).... coast Trade Co.(. Intercont Pete new. . ... Intercont Power A (2).. Interna’al Cigar Mach Intl Petroleum (1) Intl Products. .. . Int'l Safe Raz B(12%).. Internatl Superior (f1), Int Utilities A (3%).... Internatl Utilities (B) .. Intl Util war (new)..... Interstate Equities. Interstate Power pf Irving Air Chute (1). Irving Air Chute (war. Isotta Fraschinl 1.0 Italian Superpowr A. Ital Superpower war. PRIy 4 AEER L L] @ Fs #"FrszFes 1k | i M UL+ 22 R¥F Esesry - Pilot Radio Tube(A).. Pitney B Pos n(20¢).... Pitts & LE (110)....... Pittsbgh Forgings(1.60) 4 Pitts Plate Glass (2). 4 Plymouth Oil (2). Polymet Mfg (31) Power Securities pf. Premier Gold (24¢) Prince&Whitely pf3. Prudence Co pf (7). Prudential Inv... Public Ut{l Hold w w Pub Util Hold Corp war. % Pure Oil pf (6)..ccenenn Quaker Oats (4).... Quiney Mining. .. Radio Products (2) Rallroad Sh Corp(25¢c). Rainbow Lum ProdA... Rainbow Lum Prod B Raymond Concrete (4). Red Bank. . oo (Dantel) (1%). Reiter-Foster. . 4 Reliance Intl (A)..... Management. . Reynolds Invest. Rich Oil of Cal pf(1.75) Rossia Intl Corp. Root Refining Co. Royalty Corp pf (1. Russek’s Fifth Av 1 Ryan Consolidated. Safety Car H & Li(8). Salt Creek Prod (2) SaxetCo......... Savannah Sugar s Schlettr & Zandr pf(3%) S Sy South Penn Of1(12%)... So Cal Edis pf (B) (1%) Sou Calif Ed pf(C) (1%) So Colorado PwA (2)... Southern Corp..... Southern Pipe Line (12). ti L 1+11 I++1 000+ L4+ ‘l Faes 2FEFeerEes R FRtetitrisiel 12% Tennessee Prod (11). 8% Texon Oil & Ld(25¢)... 2% Thatcher Sec Corp. 65 Thermoid Co pf (7).. 24 Tobacco&Allied Stks, 4414 Todd Shipyard (4). % Tonopah Mining. 5% Trans Air Trans.......: 4% TransLux DLPS...... 4 Tri-contin’l Corp war... 36 Tri Utilities (31.20)..... 45 Tri Utilities pt (3).... 6% Tubsize Chatel (B) 11% Twin States Nat Ga 17% Ulen & Co (1.60)...... 21% Ungerleider Fin Corp. 25 Un N G of Can (11.60).. % UnionTobaeco. < 13 Utd Am Util (b2% %). 30 United Chem pt (3) 12% Unit Corp war... 4 Unit Dry Dock. 224 United Elastic Corp (3). 15% Unit Elec Ser.... . 4 Unit El Ser pur war. P 2714 Utd Light & Pwr “ 80 Utd Light & Pwr B (1) 974 Utd Light & Pwr pf (6) 214 Unit Milk Prod. 12% United Public Service. 73% Unit Ret Chem pf (334). 60 Unit Shoe Mach (13% U S Dairy, A (5)... 13% U S Dairy B.. 11% U S Elec Pwr ww. 3% U S Elec Pwr (war). 10% U S Finishing. . U S Lines pf (1)... 13% U S & Overseas war. 6 U S Shares Fin. 10% Utllity Equities. 76% Vacuum Oil (4) 5% Van Camp Pack..... 7% Van Camp Packing pf. 2 Venezela Petroleum 585 West Mass Co(2%). 21 West Mich Steel Fdry. 30 Western Tablet&Sta (2! 2% White Eagle Oil debrts. REFR 1411+ 0+010 "8 ix ¥ F +idl++i+ 41001 Rk d (b2-35 sh FEES®E FEFPV - s +i+100+000 10 & ET T RARNEE| - - ++ Universal Insur (3%)... % 1% Utah Apex (50¢c).. 106% Utah Pwr&Lt pf (7), I+ 1+ o ¥ L+ w5 F ++ +|+|+ RN s $Fey vds FEEy 1+1 i | 004, 197,101 190,570 1,075,714 9,011,779 8,836,423 12,572,664 bove.) 928,256 1,079,968 214 Brit Cel Ltd rets. . 11,029,310 1579, 55% Buckeye Pipe Line (4) $62,062,700 24% Buffalo, N&EP pf(1.60), $75,996.000 32 Bulova Wevof (3%). 9-12% 65 Bunker HII&S (16%).. 2%2-3% % 2 ‘ % 2% Burma Corp, rets (131c). paper 3% % 3 Bwana M Kubw CoD..oo WASHINGTON STOCK EXCHANGE 4 G Mope? G YEAR 1930 TO DATE Jer Cen P&LL pf (7).... Jonas & Naumburg..... Kirby Petroleum. e Klein (H) pt pf (31.20).. Knott Corp (a2.40). % Kolster-Br(Am shs). Lakey Fdry &Mach Landay Brothers. Lane Bryant, Ine ( Lefcourt Realty (11, LefcourtRIty pf(3). Leh Coal & Nav new 1. Leonard Ofl... 4 Lerner Stores (2). 35% Brazil Trac & Lt(h2). 215 Bridgeport Mach (25¢).. 2% Brill Corp B. s 25% Br Am Tob cB 79 1-10c. [RENE] FEERFEEFELFEE ¥ (NN L2 Car loadings week ending July 19. Crude oil production (barrels) Stock sales (N. Y. Stock Exchanj Bond sales (N. Y. Stock Exchange) P FUVLI VA ++ 00+ +1+1++1 EFEF EEFS ? osx _Starrett Corp. . 48% Starrett Corp pf (3). annual Duymen:i. [ L [ BIG EVENTS ABROAD HELD VITAL TO U. S. to spend a day in the | Developments in Canads, China 600 BOYS AND GIRLS EXPECTED TO ATTEND 4-H CLUB MEETING . 2a2fs 26% Carnation Co (j1%) 30 Carrier Engn-vA (1)... 3 Central Atlantic States.. 20 Cent Hud GEEn(80¢c)..: Special Dispatch to The Star. It s FE AR FERE SN NS SRR (Reported by W. B. Hibbs & Co.. Hibbs Bullding. Washington. D. C) SALES OCCURRING ON THE WASHINGTON STOCK EXCHANGE FOR 1930 UP TO AND INCLUDING FRIDAY, AUGUST 1. 5,000 Capital Traction lst 5s, 1947 13,000 City & Suburban Ry. 1st 5s. 1 10,500 Georgetown Gas Light Ist 5s, 1961 A to Open. High. Low. Close. -lglfl: 85 Ll 8 50% 71,000 Potomac Electric Power cors. 5s, 1936 .. 23,800 Potomac Electric Power gen. & ref. 65 1953. 4,000 Washington, Balumore & Annapolis 5s, 1941. 87,000 Washington Gas Light gen. 55, 1960 ... 243,500 Washington Ges Light series A 65, 1933 76,000 Washington Gas Light series B 65, 1936 350,000 Washington Railway & Elect. cons. MISCELLANEOUS. 24,500 Barver & Ross, Inc., 6%s, 1937 . 195! '5.090 District of Columbla Paper Mfs. ist 6s, 1937 7,000 Potomac Joint Atock Land Bank 5s, 1,000 Washington Cons. Title 65, 1951 1,000 Washington Market 5s, 1938 193 ... PUBLIC UTILITIES. value. rate. 8350 Capital Traction $100 34.00 105 N. & W. Steamboat . .680%: N. & W. Steamboat rig) €26 Potomac Electric Power pfd. 3,067 Potomac Electric Power pfd. ... 415 Washington Gas ... 11 Washington Ry. & Elect. com. 3.853'a Washington Ry. & Elec. pfd. NATIONAL BANKS. 1 Capital . 461 Comumereial 7 District . 324 Pederal-American 40 Liberty .... 1 Linecoln . 43 Metropolitan 181 Rigss 34 Becond . 8 Washington by TRUST COMPANIES. 104 American Becurity & Trust sssee 164 Continental ........ 234 Merchants’ Bank & Trust 125 National Bavings & Trust 49 Union ...... i 37 Washington Loan & Trust BAVINGS BANKS. 80 Bank of Bethesda . 40 East Washington . . 10 Potomac Savings (n s € Becurity Savings & Commerc 65 Washington Mechanics PIRE INSURANCE. 282 Piremen's . f 3268 National Union ... TITLE INSURANCE. 87 Columbia ........... 20 Real Esta 10 Title & Inv. Co. of Md. com. MISCELLANEOUS. 50 Barber & Ross, Inc., com. 23 Chevy Chase Dairs pfd. 265 Columbia Sand & Gravel pfd. .. 301 Commercias National Co. pfd. . 13 D. C. Paper Mfg. Co. pfd . 357 District National Security pf 85 Emerson’s Bromo-Seltzer “A" .. 2 Pederal Storage Co. pfd $50 Pederai-American Co. com. 67 Pederal-American Co. pfd. 1215 Lanston . 188 Merchants' Transfer & St 313 Merchants' Transter & Stg. pfd.. 8,716 Mergenthaler Linotype €002 National Mtge. & Inv. pfd. 45 Peoples Drug Stores pfd. ...... 2,680 Real Estate Mige. & Guar. pld.. 82 Becurity Storsge ........ 111 Terminal Ref. Whg. Corp. 2.969 The Carpel Corporation . 70 Washington Mech Mige. Co. com. Washington Medical Bidg. Corp. Woodward & Lothrop pfd. ... 6.00 5.50 3.60 UNLISTED DEPARTMENT. $5.000 Army & Navy Club 55, 1961 500 Cosmos Club 4%s, retired annually 28 Cent PubS(A) (a1.76).. 19 Cent States El(k40¢c). .. Cent States Elec cvpf (a6 8% 4% Centrifugal Pipe (60¢). . 8% 2% Chain Stor Development 25 17% Chat Ph Al nv (50¢) ... .0 25% 17% Chemical Natl Asso n-v. y 184% 140% Chesbrough Mfg(15). pple Mg A 24% Cities S 88 Citles 434 City Sav B, Ltd (2.79). 50% Clev Elec Mlum (1.60) 13% Cleveland Tractor 1.60 3 Club Alum Utenpf n 9 Cohn&Rosenbergerl nt % Colombia Syndicat 3% COlON Ofl..eu.uovnrsaaat 814 Columbia Oil & Gas vte.. 331 Colum Pict vtc (f1%)... 55% 24 Columbla Pict (f1%). 335% 234 Com'with Edison (3).. e 3% Comwlth & Sou (war), 11% Comm Wat Servb6%..« 1 Consol Auto Mer etf: 1% Consol Auto Mer cum pt: Consol Cigar, war. Contl Shares pf (6) . Cooper Bessemer (2). Copeland Prod Inc A % Crown Cen Petrol. 30 Crown Cork&S pf(2.70). # Cuban Cane pr opt war.. 34 Cuneo Press (2%).. 1% Curtiss Wright war. % Cusi Mex Mining.. 12 Darby Petrolm new (2 2% Dayton Airplane & Eng. 75 Deere & Co (m1.20), 2% De Forest Radio. 6% DeHav.Alr 1td rct 59¢c. 16 Deisel W Gilbert (1%).. 4V Derby Ofl & Refin. 3 12% Douglas Afreraft (75¢). 70 Dow Chemical (2)...... 21 Dres (SR) MIR.A (3%). 31' Dresser (SR) B (2).. 108% 41 Drives Harris (new) 13% 4 Dubilier C & Radio. 140 Duke Power (315) . 8% Duquesne Gas Corpw.... 2% Durant Motors. . . 5% Duval Tex. Sul. w.L. 25% East G & Fuel Ass: 18% East Sts Pow B (1). 12 Eastern Util Assoev.... 260 Edison El of Bos (13.60) 12 Educational Picturen pf. 9 Eisler Electric (14).... 117% 70% Elec Bond & Share (b8). 95% 92 Elec Bond&Sh cu pt (5), 109% 103% El Bond & Sh of (6)...+ 39% 19 Elec Pow A550 (1)..00en 16% Elec Pow Asso A (1).... 28% I P& L Opt war....... 99% Elec P&L2d pf A (7)... 15% Elec Shareholding (21). 82 Elec Sharehold pf(a6). 7% Empire Corporation. ... 12 Empire Firelns........ 39 Empire Pwr pt (14.04) .. 17 Emp Pub Sve A (a1.80). 5 EngineersGold.....,.. 12% Europe Elec, Ltd A(60¢) 3% Euro Elee, Ltd deb ri 1% Evans Wall Lead. 2 Fabrics Fint: 1% Fageol MOtOr.....cemeeer Fairehild Aviation, .vees VHLLTI 44+ ++ o TI++11 HlL1+ +14+ - 3 @ 9 T+ ++1+11 1+ 3 ‘#;##ffl##ff’l‘f FEEERIEFR ¥ + T+ I++00 Louisiana Lan & Ex. MacMarr Stores (1) MagdalenaSyndieat Mangel Stores. MangelStores pf (6 Mapes C Mfg (13%).... Marconi Int Mar (38¢).. Marion Stm Shovel. . Mayflower Asso (12). ... May Hos cum pf (4).... McCord Rad B (2).. Memphis Nat GasCo. Mercantile Stores (5) Mer Chap&S pf A(6%).. Midland United o Mid West Sts Util (1%) d West Util (b8%) Mid Royalty ev pf (2).. Midland Stl Prod, n (2) Miller & Sons (2). Mining Corp of Can Mo Kan Pipe L (b10%) MissKPLv.te.... Miss River Fuel bd rt Mock Jud Vohrgr(2). Moh Hud P 1st pf(7)... Moh Hud P 2d pf(7) 4« Mountain & Gulf (8¢) Mountain Prod(1.60). 4 Municipal Service 4 Nat Amer Co Natl Family Strs.(1.60). Nat Fuel Gas (1). Natl Investors. . ew England Pwr (2).. New Eng Pow pf (6)... New Jersey Zinc (12%). New Mex&Ariz Lan. . Newmont Mining (£4).. 4 N Y Pet Royalty. N Y Power & Lt pf (6).. N Y Rio&Bu Alres. .. N Y Tel pt (6%) - N.'Y. Transit (11.80).... Niag.-H. Power (40¢) Niag.-H. Pwr A war. Niag Hud Pwr (B) Niag.-Hud Pwr C wi Niag Shares, Md (40¢) . Niles-Bement-P (12%) = Nipissing (30c). Noranda Mines (2). Nor Am Aviation A Nor Am Lt& Pwr(b8%) North Am Utl] Sec. Nor European Oil Corp. North & Sou AmCor p A. North Stat Pwr A(8)... Nor States Pwr pf (6).. North S Pow pf (1) 4 Novadel Agene (123) Novadel Agene of (1)... Ohio Brass B (5).... Ohlo Copper. ... Ohio OLl (1434) . Ohio Ol new wi Overseas Securities (1). B A e g R o o & 8 R A EREREFEFE SFF PIF B F FRF 2 FEeFE % 1+ o e eRex PO+ 040 F0 T4 ++ 144410 IEERERE RN F++1 e BALTIMORE, August 2.—In spite of | Nation's Capitol, at which time it is Presiden the fact that the minimum ‘5:03”'“ for delegates has been raised 10 to 12 years, it is expected that 600 boys and girls will attend the twelfth annual 4-H Club week to be held at the Uni- versity of Maryland campus from Au- gust 7 to 12, according to E. G. Jenkins and Miss Dorothy Emerson, State Boys and Girls' Club agents, respectively, for this State. The week will be taken up With ‘demonstration, lectures and recreational activities, Mr. Jenkins and Miss Emer- son being aided by individuals from other States, a number of county and home demonstration agents and older club members, Several of the promi- nent ns who will aid with the work are Miss Pauline 8) ler, a club leader from West Virginia, who will conduct demonstrations before the girls; Mrs. Edith Craig of Boston, who will in- struct in personal matters for young people and demonstrate story-telling and elocution, and Dr. R. G. Foster of the United States Department of Agriculture, who will advise the adult leaders in methods and programs of work and play. t of the United d the Secretary of Agriculture . The trip to Washington will include visits to the more promi- nent buildings and places of interest. Also, the boys and girls will inspect the scientific work being carried on at the University of Maryland experiment station and each specialist will describe gll:vlmc\lhrwolkurfltdonmhh e. This year a new feature will be in- troduced in that approximately 10 counties will send teams of two boys each who' will demonstrate better methods in dairying. The best of these teams will then be sent to Timonium Fair in September and the winner there will represent the State at the National Dairy Show this Fall at St. Leuis. About 30 all-stars, members of an honorary group of 4-H Club members, which recognizes outstanding work in the home and community, will arrive at the university in advance of the others and will largely take cl of all work and details. Sunday fraternity ‘will hold its consecration, at which time new members will be taken in. STRIKERS ARE UPHELD Mexican Government Board Takes Sides With Newspaper Employes. MEXICO CITY, August 2 (#).—Spe- ical dispatches from Vera Cruz yester- day reported that the government board of arbitration has sided with the strikers in a dispute which resulted when the employes of the newspaper El Dictamen walked out about a month ago. Since the declaration of the strike the newspaper has not been issued and the letors have not yet announced ‘when will resume publication. The award made by the board to the strikers, plus the losses sustained by the paper during the strike, is said to total over $25,000. TAL MARKET. NEW YORK, August 2 (#).—Condi- tions in the steel industry showed little change during the week. There were advices of & gain in the matter of buy- ing operations on the part of railroads, with some interests of the belief that this will be extended further, while on the other hand other consuming lines maintained a cautious attitude toward placing new business, which was con- fined by the continuation of a mod- erate output. Pig iron was without special change also. Sales of copper in July are esti- mated at 167,000 tons to domestic con- and tons for outside market for last nver;y at & premium otu heent n::; nearby was reported. ex) that deliveries to consumers wlfiecim- prove in August owing to resumption of activities by e - cable works, branches of the electric industry and automobile plants. Producers are hold- ing steady at 11 cents for electrolytic delivered in the Connecticut Valley. Tin prices backed and filled over a rather narrow range. Lead was firm, with the market active and demand came from both the larger and smaller consumers. Zinc was not so active toward the colse of the week and the decrease in the was followed by offerings at. somewhat _ch levels. CHICAGO LIVE STOCK MARKET CHICAGO, August 2 (#) (U. 8. De- partment of Agriculture) —Caitle, 200 head; compared week ago, all killing classes, 56 to 1.00 higher, in instances more, not only on steers particularly, but feed stocks. Closing market mod- erately active, but rather top-heavy, suggesting weakness and lower prices in face of more liberal run. This week smallest in 16 years and principal in. fluence in stimulating market. ing top bid here 11.15; heavies, 10.25; yearlings, 10.60; heifer yearlings, 10.00. | C: Most grain-fed steers selling 8.50 to 10.00. About 1,000 drafters went mostly on stocker accounts at 6.25 downward !’o‘ol.W. the killer end bringing 6.50 to Sheep, 4,000 head, including 3,200 di- rect. Today's market nominal; fe week 131 doubles from feeding stations, 9,000 direct; compared week ago, na- tive Jambs about steady, early declines having been T ed. Rani fully 25 lower; scarcity good choice natives a feature. Closing bulk lambs, 9.50, also top for week; ve ewe and wether lambs, 9.00 to bulk, 8.00 to 8.25; native throw- .50 to 6.00. Feeding yearling, fat ewes, 3.00 to 3.75; feeding lambs, 25 to 75 lower, mostly 6.25 to 6.50 through week, top 6.75. Hogs, 7,500 head, including 6,500 di- rect; all classes steady to 10 lower; good and choice, 170-210 pounds, 9.50 to 9.65; 200-250 pounds, 9.15 to 9.35; light weights, good and choice, 140-160 pounds, 9.10 to 9.65; light weights, 160- 200 pounds, 9. to 9.65; medium mm";fl. 2oo-hn'auzwpoun’ua. l.lg. ta. ”562; 530, packing ‘sows, maedium aad g0od, 275-500 pounds, 7.00 to 7.90; ter pigs, good and pounds, 8.25 to 9.35. ‘WHITE MOTOR’S NET. White Motor Co. for the six months ended June 30 had net profit of $1,048,000 after depreciation, Fed- eral taxes, etc., equal to $1.31 per share on 800,000 shares of outstanding capi- tal stock, compared with $1,404,575 in the first half of last yea TREASURY CERTIFICATES, (Reported by J & W. Seli . T e, T 3145 Dec " 15, 1930 100 17-33 e and India Are Economic as Well as Political. Special Dispatch to The Star. = 4 NEW YORK, August 2.—Some of the unfavorable developments of the week that bear on ican business situation have come from other coun= tries. ‘One of these was the overthrow of the Liberal fl’:mem in Canada. This has political implications here. In the Dominion there has also been industrial depression, a large amount o(h uxtumploymem and low prices for wheat. - ‘This is an economic triangle that any administration must fear. Its conse- quences are likely to reveal themselves g:flnly in the next important election this country. more immediate effects of the Canadian vote are those related to the commercial intercourse with our neighbors to the north, who buy and sel] here on a large scale. Other ibles with which the Amer- ican business man has to contend are those originating in China and in India, where the purchasing power of hun dreds of millions of people and their will to buy are deeply affected by their present political and economic sur- roundings. SHORT-TERM SECURITIES. (Reportea by J. & W. Seligman & Co.) Allis-Chalmers Co. American Tel & Te American Thread 5! imore & Ohio 4 Chile Copper Co. 38 1947, Cudahy Packing ‘Co. 8%s 1937 'p. Corp. s 1937 33883 32858 FESRAE _;_ 33233833, #5 E . Phillips Pet. Co. 548 193 Pure Oil Corp 81z’ 1937. Ehell Dnion Ofl Co. Sias Sinclair Crude OIl Co. 8135 1938 Standard Ol N. Jersey 35 1948, Standard Ol N York #lzs 198 t & So. Ry. 38 1 Ir Mt & So. St. L', Southwestern Ry. 4s 1032 Switi & Co, 55 1992 ... © 100 Union Ol Co. of Calif. 88 1935. United Drug Co. 5s 1953. U. 8. Rubber 33 1947., Western Electric Co. Wheeling iv-cel Corp. Wheeling_Steel Corp. 833528538 35238 LOANS or IMPROVED PROPERTY Reasonable Rates Prompt Action B. F. SAUL CO. Shenandoah Corp pf (a3) v erra Pacific Elec of ( i el 15 Waitt&B, A (2). Singer Mfg (117).... Sisto Fin Corp. f mith (A O) (2). " % 1 South Am Gold&Plat... 1 1 1 SWyce 35 % Stand Oil of In £ Stand Oil of Ky (11.80) % % Segal Lock.. t “Ex-an v Stand Pwr & Lt (B) (2). B g 5 A S B 81,000 Metropolitan Club 4%s, 1936 . 1, M Onapin-Sacks pfd. .. ot L ket pdaateaboniand Pac G &E 1stpt (1%) » v ol ey i y g T e 9% Pac Pub Ber (130)...c: ff's €8 Park Savines Ba i n i Tesumens - S \ew # Washington Title Ins. Co. . Prod. cveeveeses " B, - ¥ 925 15th St. Nat'l $100 Antimony was in view of the i e el situation has eurtalled’ offerings from the Far